This is where regular insurance reviews come in. By forcing you to step back and assess risk objectively, the review process gives you an overview of your business.
Taking the time to sit down with your insurance partner to conduct a review can give you an objective, expert perspective on managing the risks to your business. Your strategy to manage risk may include physical measures, like updating sprinklers and smoke alarms on your premises, and taking out appropriate insurance coverage.
"SME business owners can sometimes feel like everything’s on them – they already wear so many hats, but sitting down with an expert to assess and manage risk can help boost the resilience of their business. It fills the knowledge gap, and the confidence gap,” says Sally. “If you know your business is prepared for potential adversity, that gives you the freedom to take calculated leaps, and that’s where fledgling businesses learn to fly.”